The Hindu Business Line : Wednesday, April 23, 2008

FOREX
Rupee range-bound
The rupee was range-bound against the dollar on Tuesday as banks were wary of taking positions ahead of the monetary policy. Dealers said that there was hardly any action in the spot market. The rupee opened at 39.94/95 and closed at 39.95/96, ... More

TECHNICAL ANALYSIS
Resilience in rupee
The Reserve Bank of India has made its first move, with negligible impact on the rupee. The sudden hike in the cash reserve ratio by 50 basis points did take the currency to Rs 39.78 against the dollar on Monday but dollar buying by oil ... More

FINANCIAL MARKETS
Market keeps profits, exits losses
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PRIVATE BANKS
Axis Bank opens new branch
Axis Bank has opened a branch at Ilanji, near here, recently. The bank with a customer base of 90 lakh, has a network of 655 branches in more than 407 cities and towns, 20 extension counters and 2,778 ATMs across the country, said Mr C.P. ... More

GOVT BONDS
Bonds up on surplus liquidity
Bond prices rose as increase in surplus liquidity in the system aided sentiment. Total traded volumes on the order matching system were at Rs 5,200 crore (Rs 2,160 crore). Dealers said that prices rose as surplus cash in the system increased to ... More

SHORT TERM INSTRUMENTS
Call rates higher
Call rates closed at 6.10-6.25 per cent, against the previous close at Rs 5.50-5.75 per cent. In the one-day reverse repo auction under the LAF facility, the RBI received and accepted 14 bids for Rs 17,995 crore. In the CBLO market, there were ... More

M-COMMERCE
Mobile bank model for SHG finance
Coimbatore, April 22 To mitigate the problem of risk and cost in SHG financing, HDFC Bank is working on the mobile bank model approach. Speaking to reporters Mr K. Manohara Raj, Senior Vice-President (Micro Finance), HDFC Bank, said the ... More

BUSINESS MODELS
Corporation Bank model for rural areas working well
BRANCHLESS BANKING More

EVENTS
‘Insurance is protection and not investment’
Tiruchi, April 22 As future stakeholders of ‘progressive India’, managing personal resources is vital for current generation of students, Mr V. Sathiyanarayanan, Executive Director, Stock Focus Financial Services Pvt. Ltd, Tiruchi, ... More